After ETH formed a top pattern around 1227.32 and fell below the trendline support, it stopped falling at 1180.
After reaching 1180, ETH appeared a box pattern. The current price has broken through the box and came to the resistance range of 1220~1227 again. This resistance zone has a strong effect, and ETH also has a small double top here, pay attention to the risk of falling.
If ETH has a chance to break the upper resistance of 1220~1227, it has a chance to reach the target price of the box at 1235.96.
Looking at a larger time period, the bottom of ETH is rising. If there is a chance to break through the resistance price mentioned above, ETH may even have a chance to return to 1356~1440.
But it should be noted that even if ETH returns to the range of 1356~1440, it does not mean that the trend has reversed. In other words, if ETH has the opportunity to return to this range, there will be a good short opportunity.



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